GE Aerospace, the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Douglas Harned from Bernstein reiterated a Buy rating on the stock and has a $374.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Douglas Harned has given his Buy rating due to a combination of factors that highlight GE Aerospace’s strong financial performance and promising future prospects. The company has demonstrated a robust aftermarket business, particularly with the LEAP engine, which is expected to deliver high margins throughout the decade. This is supported by GE’s recent Q3 earnings, which exceeded expectations in both adjusted EPS and revenue, indicating a solid financial standing.
Furthermore, the commercial aerospace aftermarket is experiencing increased demand, especially in widebody engines, which is driving growth faster than its partner Safran. The company’s strategic shift to time and materials contracts mitigates cost risks, while the anticipated margin expansion beyond 2028 further supports the positive outlook. These factors, combined with a raised 2025 adjusted EPS and revenue forecast, underpin Harned’s confidence in GE Aerospace’s continued outperformance.
According to TipRanks, Harned is a 4-star analyst with an average return of 12.3% and a 56.82% success rate. Harned covers the Industrials sector, focusing on stocks such as RTX, Boeing, and GE Aerospace.
In another report released today, J.P. Morgan also assigned a Buy rating to the stock with a $325.00 price target.